Vontobel Holding Ltd. Has $7.52 Million Stock Holdings in MP Materials Corp. (NYSE:MP)

Vontobel Holding Ltd. trimmed its holdings in shares of MP Materials Corp. (NYSE:MP - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,985 shares of the company's stock after selling 67,478 shares during the period. Vontobel Holding Ltd. owned 0.21% of MP Materials worth $7,523,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of MP Materials by 25.3% during the third quarter. Vanguard Group Inc. now owns 13,380,831 shares of the company's stock worth $255,574,000 after buying an additional 2,697,925 shares during the last quarter. BlackRock Inc. raised its stake in shares of MP Materials by 1.8% during the second quarter. BlackRock Inc. now owns 8,933,628 shares of the company's stock worth $204,401,000 after buying an additional 157,764 shares during the last quarter. State Street Corp raised its stake in shares of MP Materials by 3.5% during the second quarter. State Street Corp now owns 5,965,832 shares of the company's stock worth $136,498,000 after buying an additional 200,041 shares during the last quarter. Baillie Gifford & Co. raised its stake in shares of MP Materials by 26.2% during the fourth quarter. Baillie Gifford & Co. now owns 2,960,001 shares of the company's stock worth $58,756,000 after buying an additional 614,088 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of MP Materials by 20.0% during the third quarter. Van ECK Associates Corp now owns 2,710,453 shares of the company's stock worth $51,770,000 after buying an additional 452,501 shares during the last quarter. 52.55% of the stock is owned by institutional investors.

MP Materials Stock Up 2.7 %

Shares of MP stock traded up $0.43 during trading hours on Wednesday, hitting $16.79. 2,860,704 shares of the company were exchanged, compared to its average volume of 3,657,555. The business has a 50 day moving average of $15.29 and a two-hundred day moving average of $16.45. The company has a current ratio of 10.42, a quick ratio of 9.54 and a debt-to-equity ratio of 0.50. MP Materials Corp. has a 52 week low of $12.68 and a 52 week high of $27.77. The company has a market capitalization of $2.99 billion, a PE ratio of 129.13 and a beta of 2.41.

MP Materials (NYSE:MP - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.05). MP Materials had a net margin of 9.59% and a return on equity of 3.86%. The company had revenue of $41.21 million during the quarter, compared to the consensus estimate of $47.40 million. Analysts anticipate that MP Materials Corp. will post -0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of MP Materials from $17.00 to $15.00 and set a "hold" rating for the company in a research note on Thursday, April 11th. Morgan Stanley downgraded shares of MP Materials from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $26.00 to $15.50 in a research note on Wednesday, March 13th. Canaccord Genuity Group lowered their target price on shares of MP Materials from $23.00 to $22.00 and set a "buy" rating for the company in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lowered their target price on shares of MP Materials from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Friday, February 23rd. Finally, Jefferies Financial Group lowered their target price on shares of MP Materials from $36.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, MP Materials presently has an average rating of "Moderate Buy" and a consensus target price of $25.19.

MP Materials Profile

MP Materials Corp., together with its subsidiaries, produces rare earth materials. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.